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OMNICOM GROUP REPORTS SECOND QUARTER RESULTS

 OMNICOM GROUP REPORTS SECOND QUARTER RESULTS
 NEW YORK, July 30 /PRNewswire/ -- Omnicom Group, Inc. (NYSE: OMC)


today announced that net income for the second quarter of 1992 increased 20 percent to $22.4 million from $18.6 million in the second quarter of 1991. Fully diluted earnings per share increased 16 percent to $0.72 per share in 1992 from $0.62 per share in 1991.
 Worldwide revenues from commission and fee income increased 15 percent to $347.6 million in the second quarter of 1992 from $301.8 million in the second quarter of 1991. Domestic commission and fee income for the second quarter of 1992 increased 3 percent to $183.1 million compared to $178.4 million in 1991. International commission and fee income increased 33 percent to $164.5 million in 1992 from $123.4 million in 1991. The favorable impact of acquisitions net of divestitures on worldwide commission and fee income was approximately 7 percent as compared to 1991.
 Net income for the six months ended June 30, 1992 increased 20 percent to 35.1 million from $29.1 million in 1991. Fully diluted earnings per share, after the first quarter special charge and the beneficial effect of the adoption of new accounting principles for income taxes and post-retirement benefits, increased 14 percent to $1.17 per share in 1992 from $1.03 per share in the same period in 1991. Worldwide revenues from commission and fee income increased 12 percent to $656.4 million in 1992 from $584.5 million in 1991. The favorable impact of acquisitions, net of divestitures, on worldwide commission and fee income was approximately 6 percent as compared to 1991.
 OMNICOM GROUP INC.
 (In Thousands of Dollars, Except Per Share Data, Unaudited)
 Percent Increase
 Three Months Ended June 30 1992 1991 (Decrease)
 Commission and fee income $347,561 $301,761 15
 Operating and interest
 expense 308,120 267,936 15
 Income before income taxes 39,441 33,825 17
 Income taxes 16,993 15,806 8
 Income after income taxes 22,448 18,019 25
 Equity in affiliates 4,081 2,931 39
 Minority interests (4,172) (2,354) 77
 Net income $22,357 $18,596 20
 Earnings per share:
 Primary $0.78 $0.66 18
 Fully diluted 0.72 0.62 16
 Dividend declared per share $0.31 $0.275 13
 OMNICOM GROUP INC.
 (In Thousands of Dollars, Except Per Share Data, Unaudited)
 Percent Increase
 Six Months Ended June 30 1992 1991 (Decrease)
 Commission and fee income $656,449 $584,542 12
 Operating and interest
 expenses 592,915 529,602 12
 Income before special charge
 and income taxes 63,534 54,940 16
 Special charge 6,714 0 --
 Income before income taxes 56,820 54,940 3
 Income taxes 24,671 25,211 (2)
 Income after income taxes 32,149 29,729 8
 Equity in affiliates 6,184 3,969 56
 Minority interests (7,048) (4,573) 54
 Net income after special
 charge and before change
 in accounting principles 31,285 29,125 7
 Cumulative effect of change
 in accounting principles 3,800 0 --
 Net income $35,085 $29,125 20
 Earnings per share
 Net income after special
 charge and before change
 in accounting principles:
 Primary $1.10 $1.07 3
 Fully Diluted 1.06 1.03 3
 Cumulative effect of change
 in accounting principles:
 Primary $0.14 -- --
 Fully Diluted 0.11 -- --
 Net income:
 Primary $1.24 $1.07 16
 Fully Diluted 1.17 1.03 14
 Dividend declared per share $0.585 $0.55 6
 -0- 7/30/92
 /CONTACT: Fred Meyer of Omnicom Group, 212-415-3631/
 (OMC) CO: Omnicom Group Inc. ST: New York IN: ADV SU: ERN


LD-TM -- NY004 -- 4897 07/30/92 08:01 EDT
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Date:Jul 30, 1992
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